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Onfido appoints new chief executive as Husayn Kassai steps down – FinTech Futures

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Global identity verification firm Onfido has announced the appointment of Mike Tuchen as its new chief executive officer.

Mike Tuchen, new Onfido CEO

Tuchen most recently served as CEO of cloud integration firm Talend, which he took public in 2016. Prior to that he also spent time at security software company Rapid7, as well as roles at Microsoft and Polycom.

He succeeds Husayn Kassai, co-founder of Onfido, who steps down into an advisory role.

“This is an incredibly exciting time for the business,” says Tuchen. He adds that Onfido’s focus on virtual verification is “more important than ever” as companies focus on digitisation.

“Husayn has built a fantastic team and business and I look forward to building on that success as we rapidly scale the company worldwide and broaden our offering.”

Founded in 2012, Onfido claims that it is developing the “new identity standard for the internet”.

The firm secured $50 million in a funding round from SBI Investments back in April 2019, and $100 million from TPG in a Series D a year later.

“This is an important moment for Onfido,” says Kassai.

“We raised just $20k of funding to build the new identity standard for the internet.

“[Now] we’re in such a strong position and now it’s the right time to hand the torch over to Mike, with all his experience, to lead the company into the future.”

Related: Onfido takes UK one step closer to digital ID